OANDA:XAUUSD typically has little to no movement the day before NFP (non-farm payroll) So I wouldn't expect large moves today but I do see a perfect breakout pattern today and the larger timeframes show the momentum towards the bullish side. Also gold has been consistently bouncing between these price ranges with the current range being on the low side. I would...
Just an idea XAUUSD is still in its uptrend channel and is retesting the down channel.
Focus on buying GOLD, waiting for a break above for confirmation. Reason: 1. Double bottom indicates changing the trend to an uptrend, combine with bigger time frame its still an uptrend. 2. XAUUSD just finish an ascending triangle which strengthens the buyers. 3. The price did not break the third orange trendline below and keep continue bullish. If you Agree,...
4 H tf chart we can see a clear symmetrical triangle continuation pattern, entries and targets at the chart.
Price action has been consistently respecting the trend line and shows further bullish momentum.